Regional & City Airports Signs Strategic Partnership with ICG
Deal News | Aug 04, 2025 | Intermediate Capital Group (ICG)
Regional & City Airports (RCA), operator of Bournemouth, Exeter, and Norwich Airports, has entered into a strategic partnership with Intermediate Capital Group (ICG), a global alternative asset manager. This partnership marks a new phase of growth for RCA following 12 years of successful collaboration with Rigby Group. ICG's European Infrastructure team will support RCA's continued expansion of its airports, cargo, and executive aviation operations with a focus on accelerating sustainable aviation practices. Under Rigby Group, RCA has experienced strong performance and passenger growth, which provides a robust foundation for further development. The agreement, set to close this month, keeps these significant UK assets under UK management.
Sectors
- Aviation
- Private Equity
- Infrastructure
Geography
- United Kingdom – RCA operates airports in the UK and the partnership with ICG pertains to UK assets.
- Europe – ICG's European Infrastructure team is involved in this strategic partnership.
Industry
- Aviation – The article discusses Regional & City Airports, a company operating airports in the UK, and its expansion plans.
- Private Equity – ICG, a global asset manager, is providing investment and partnership to support RCA's growth.
- Infrastructure – The partnership is focused on the development and expansion of infrastructure within regional airports.
Financials
- More than 5bn – Amount managed by ICG European Infrastructure in Europe.
- 2 million – Passenger numbers at RCA, reflecting a 13% year-on-year increase.
- $123bn – Assets under management by ICG as of 30 June 2025.
- 3.7bn – Turnover generated by Rigby Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Regional & City Airports | Target Company | Company | Operator of Bournemouth, Exeter, and Norwich Airports, entering a new partnership for growth. |
| Intermediate Capital Group (ICG) | Bidding Company | Company | Global alternative asset manager partnering with RCA for its infrastructure expansion. |
| Rigby Group | Selling Company | Company | Previous partner of RCA for 12 years before transitioning to partnership with ICG. |
| Andrew Bell | Chief Executive | Person | Chief Executive of Regional & City Airports. |
| Ludovic Laforge | Managing Director | Person | Managing Director at ICG European Infrastructure. |
| Clare Glynn | Head of Corporate Communications | Person | Contact person for ICG. |
| Peter Evans | Fieldhouse Associates | Person | Contact person for Rigby Group. |